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underwrite
[uhn-der-rahyt, uhn-der-rahyt]
verb (used with object)
to write under or at the foot of, especially under other written matter.
to sign one's name, as to a document.
to show agreement with or to support by or as if by signing one's name to, as a statement or decision.
to bind oneself to contribute a sum of money to (an undertaking).
Wealthy music lovers underwrote the experimental concerts.
to guarantee the sale of (a security issue to be offered to the public for subscription).
Insurance.
to write one's name at the end of (a policy), thereby becoming liable in case of certain losses specified in the policy.
to insure.
to assume liability to the extent of (a specified sum) by way of insurance.
to select or rate (risks) for insurance.
verb (used without object)
to underwrite something.
to carry on the business of an underwriter.
underwrite
/ ˌʌndəˈraɪt, ˈʊndəˌraɪt /
verb
finance to undertake to purchase at an agreed price any unsold portion of (a public issue of shares, etc)
to accept financial responsibility for (a commercial project or enterprise)
insurance
to sign and issue (an insurance policy) thus accepting liability if specified losses occur
to insure (a property or risk)
to accept liability up to (a specified amount) in an insurance policy
to write (words, a signature, etc) beneath (other written matter); subscribe
to support or concur with (a decision, statement, etc) by or as if by signature
51Թ History and Origins
Origin of underwrite1
Example Sentences
Under the pilot, Hawaiian engineering students from families with low incomes can borrow from a $2.5-million revolving fund underwritten by the Castle Foundation and other donors.
He’s even working on a plan for a corporation to underwrite the concerts so they can be free.
He said he will also underwrite the cost of new landscaping and sidewalks in the streets around the shopping center.
"We are no longer willing to underwrite the personal enrichment of fraudsters or the corrupt when patients go without or have to buy life-saving medications that we have provided for free," he added.
State Farm Mutual’s net worth, or surplus, rose last year nearly 8% to $145.2 billion due to investment returns that exceeded underwriting losses.
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